ARB

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0245%/8h= +26.8% APRpaid last 24h +0.097%

Price spread now: Coinbase International against Binance+0.036%53s7-day average +0.165% · you sell dearer than you buy

Net, funding: paid 7d − costs−$27as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$650.648% of the position

Long on Binance Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+0.380%+$38 on $10k

Price spread, last 3 days (all we have)+0.620%+$62 · spread now +0.036%, 7d avg +0.165%

Together, before fees+1.001%+$100 on $10k · with fees, hour by hour

Funding pays, the price is against you. Coinbase International is 0.129% cheaper against Binance than usual: you would sell low and buy high (spread +0.036% now, against its 7-day average of +0.165%). If the spread goes back, that is −$13 on $10k: about 42 hours of funding at the current rate (+$7 a day). The two prices were read 53 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance ARBUSDT	0.2247	−0.0013	get 0.0013% / 8h	7h 41m	$66.1M	$311.4M	75x
Short	Coinbase International ARB-PERP-INTX	0.2248	0.0232	get 0.0029% / 1h	41m 24s	$506K	$2.2M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against Binance. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee BinancebpFee Coinbase InternationalbpOrdersPrice spread, now +0.036%Rate

Funding earned: $51.45
Price spread: +0.036% → +0.165%: −$12.9
Slippage, 4 orders: −$44.84
Fee Binance: 5 bp × 2 orders: −$10
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$26.29
Costs to cover: 0.648%
Break-even: 10.6 days

Slippage from Binance: live order book, 2 min ago; Coinbase International: live order book, 2 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Binance live order book, 2 min ago	0.22 bp	7.8 bp −$8	24.1 bp −$241	78.1 bp −$7,810	doesn't fit
Sell Coinbase International live order book, 2 min ago	8.67 bp	14.9 bp −$15	42.0 bp −$420	doesn't fit	doesn't fit

ARB on 36 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective ARB/USDC PERP	−0.1666%	1h	0.2239	−0.365%	$40K	$372K	12x	as long as short
Bybit ARBUSDT	−0.0289%	8h	0.2246	−0.036%	$58.0M	$127.0M	50x	as long as short
Variational Omni ARB	−0.0214%	8h	0.2239	−0.360%	$1.9M	$2.8M	—	as long as short
01 Exchange ARBUSD	−0.0144%	1h	0.2246	−0.036%	$7K	$2K	10x	as long as short
Kraken Futures PF_ARBUSD	−0.0138%	1h	0.2250	+0.120%	$1.1M	$4.9M	50x	as long as short
MEXC ARB_USDT	−0.0119%	8h	0.2246	−0.036%	$38.3M	$59.0M	200x	as long as short
OKX ARB-USDT-SWAP	−0.0118%	8h	0.2248	+0.018%	$22.6M	$157.1M	50x	as long as short
Orderly PERP_ARB_USDC	−0.0045%	8h	0.2248	+0.036%	$12K	$387K	10x	as long as short
SoDEX ARB-USD	−0.0031%	1h	0.2248	+0.040%	$4K	$2.6M	5x	as long as short
Deribit ARB_USDC-PERPETUAL	−0.0017%	1h	0.2248	+0.049%	$25K	$34K	25x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended ARB-USD	−0.0016%	1h	0.2245	−0.108%	$357K	$2.8M	25x	as long as short
Phemex ARBUSDT	−0.0015%	8h	0.2248	+0.036%	$5.1M	$13.0M	50x	as long as short
Binance ARBUSDTlong	−0.0013%	8h	0.2247	long leg	$66.1M	$311.4M	75x
dYdX ARB-USD	0.0000%	1h	0.2249	+0.062%	$66K	$4K	10x	as long as short
gTrade (Gains Network) ARB/USD	L +0.0005% / S −0.0005%	1h	0.2249	+0.075%	$55K	—	150x	as long as short
Gate ARB_USDT	+0.0011%	8h	0.2248	+0.031%	$5.4M	$19.7M	60x	as long as short
BingX ARB-USDC	+0.0049%	8h	0.2245	−0.080%	—	$6.5M	—	as long as short
Bitget ARBUSDT	+0.0059%	8h	0.2249	+0.080%	$21.4M	$36.0M	50x	as long as short
Aevo ARB-PERP	+0.0080%	1h	0.2249	+0.066%	$143K	$7K	3x	as long as short
Lighter ARB	+0.0096%	1h	0.2248	+0.049%	$1.4M	$7.3M	15x	as long as short
Hyperliquid ARB	+0.0100%	1h	0.2250	+0.111%	$40.5M	$47.6M	10x	as long as short
Aster ARBUSDT	+0.0100%	8h	0.2247	−0.015%	$698K	$1.6M	20x	as long as short
Pacifica ARB	+0.0100%	1h	0.2248	+0.036%	$44K	$187K	10x	as long as short
KuCoin ARBUSDTM	+0.0100%	8h	0.2248	+0.018%	$19.6M	$16.0M	75x	as long as short
edgeX ARBUSDC	+0.0100%	4h	0.2248	+0.058%	$40K	$460K	20x	as long as short
GRVT ARB_USDT_Perp	+0.0100%	8h	0.2250	+0.125%	$490K	$3.6M	10x	as long as short
ApeX Omni ARBUSDT	+0.0100%	1h	0.2250	+0.125%	$121K	$296K	50x	as long as short
Polymarket Perps ARB-USD	+0.0100%	1h	0.2247	+0.009%	$65K	$2.0M	10x	as long as short
SunX ARB-USDT	+0.0100%	8h	0.2247	−0.009%	$2K	$1.1M	30x	as long as short
HTX ARB-USDT	+0.0100%	8h	0.2245	−0.107%	$292K	$1.0M	50x	as long as short
BloFin ARB-USDT	+0.0106%	8h	0.2246	−0.067%	$3.1M	$2.7M	75x	as long as short
Coinbase International ARB-PERP-INTXshort	+0.0232%	1h	0.2248	+0.036%	$506K	$2.2M	50x
GMX ARB/USD [ARB-USDC]	L +0.0290% / S −0.0177%	1h	0.2248	+0.047%	$895K	—	150x	as long as short
Reya ARBRUSDPERP	+0.0290%	1h	0.2246	−0.034%	$2K	$695	20x	as long as short
RISEx ARB/USDC	+0.0384%	1h	0.2248	+0.054%	$503K	$2.7M	10x	as long as short
Backpack ARB_USDC_PERP	+0.0423%	1h	0.2252	+0.209%	$1.0M	$2.8M	20x	as long as short